On September 26, the 87th meeting of the Shanghai Stock Exchange Listing Review Committee in 2023 considered and approved the initial application of Yongzhen Science and Technology Co., Ltd. (hereinafter referred to as "Yongzhen Shares"). According to the
prospectus, the company intends to raise 1.725 billion yuan to invest in the first phase of the photovoltaic frame project of the aluminum alloy photovoltaic frame bracket and energy storage battery tray project and to supplement liquidity.
Yongzhen Co., Ltd. was founded in 2016, and its legal representative is Wang Xianli. The company is mainly engaged in the research and development, production, sales and application of green energy structural materials. Its main products include photovoltaic frame products, building integrated photovoltaic products (BIPV) and photovoltaic bracket structural parts.
In addition, the company's financial data show that from 2020 to 2022, the company realized business income of 1.433 billion yuan, 2.952 billion yuan and 5.181 billion yuan respectively, and realized net profit of 47.2184 million yuan, 94.727 million yuan and 246 million yuan respectively. In terms of growth, the company's operating income increased by 75.49% in 2022, and its net profit increased by 159.73% year on year.
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